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Zynga Prices Initial Public Offering

By TechTaffy Desk

Zynga announced the pricing of its initial public offering of 100,000,000 shares of Class A common stock at a price to the public of $10.00 per share. In addition, certain of Zynga’s stockholders have granted the underwriters a 30-day option to purchase up to an additional 15,000,000 shares to cover over-allotments, if any. Zynga will not receive any proceeds from the sale of shares by the selling stockholders.

Morgan Stanley and Goldman Sachs are the joint bookrunning managers and representatives of the underwriters for the offering. BofA Merrill Lynch, Barclays Capital and J.P. Morgan Securities are also joint bookrunning managers, and Allen & Company is senior co-manager for the offering. Zynga’s Class A common stock will trade on the Nasdaq Global Select Market under the symbol ‘ZNGA.’

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